Equated monthly installment. An equated monthly installment (EMI) is defined by Investopedia as A fixed payment amount made by a borrower to a lender at a specified date each calendar month. Equated monthly installments are used to pay off both interest and principal each month, so that over a specified number of years, the loan is paid off in full..
Quote definition, to repeat (a passage, phrase, etc.) from a book, speech, or the like, as by way of authority, illustration, etc. See more.
By Richard Nordquist. Definition: A phrase, clause, or sentence that introduces a quotation, paraphrase, or summary. Also called a quotative frame. A signal phrase includes a verb (such as said or wrote) along with the name of the person who's being quoted.